January 25, 2022 – Transcend, a leading provider of liquidity, funding, and collateral technology solutions, has named Tom Garley Senior Product Specialist. In this role, Tom will work with various buy-side infrastructure participants to identify and design product innovations that address the many challenges and inefficiencies in the collateral management space. As the market continues to see evolution driven by increased demand on collateral and funding obligations, the addition of Garley will help ensure participants across this complex ecosystem can eliminate frictions that limit the optimal usage of financial resources.
Garley has been a long-time advocate for greater automation throughout e-trading, post-trade and operations infrastructures. After various operations management positions, Garley pivoted to electronic trading when he joined the Tradeweb management team to launch the industry’s first multi-dealer fixed income platform. Throughout his tenure at Tradeweb, Garley contributed toward the firm’s e-trading expansion and the development of multiple solutions to bring greater automation to post-trade. After Tradeweb, Garley helped develop and launch numerous D2C trading platforms and a vast portfolio of post-trade solutions across firms such as Citi, State Street, Bloomberg, and BGC Partners. Before joining Transcend, Garley was most recently Product Manager for Integration Services and Post-Trade Solutions for new Dealer-to-Customer (D2C) e-trading platforms at the CME.
“As we continue to invest heavily in product innovation throughout the financial collateral ecosystem, I am thrilled to welcome Tom as the latest addition to Transcend’s product team,” said Todd Hodgin, Transcend’s Global Head of Product Management. “Tom’s experience championing new products across the funding and collateral markets aligns extremely well with our mission to design forward-looking solutions designed to reduce the costs associated with inefficient liquidity, funding and collateral decisions.”
Transcend takes a unique approach to collateral management by complementing existing solutions and processes with products that seamlessly integrate with a client’s infrastructure to quickly unlock a more effective and holistic collateral management strategy. This approach has led to the firm’s growing success and industry-wide adoption.
“Over the course of my career, I’ve had the opportunity to work with both innovative technology companies as well as industry advocates to identify and provide solutions that achieve greater efficiencies around margin mandates and collateral management,” explains Garley. “Given Transcend’s emergence as a clear leader in the collateral space, joining the team was a logical next chapter, and I look forward to contributing to the company’s continued success.”
Earlier this month, Transcend announced a formal partnership with Acadia to provide an automated, comprehensive and independent Collateral Validation Service that enables the buy-side and broker-dealers to confidently manage the growing complexity and volume of margin activity driven by Uncleared Margin Rules.
Transcend is a leading provider of optimization solutions for collateralized businesses. With a growing roster of world-class banks and other financial institutions as clients, the firm is quickly becoming the gold standard for the real-time, firm-wide management of inventory, funding and liquidity. With more than 120 employees globally, Transcend addresses an array of regulatory and capital challenges that are facing the industry with a user-friendly, SaaS-based or on-prem collateral and liquidity management platform. For more information, visit transcendstreet.com.
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